New York Cracks Down on Crypto Coin Listings With Fresh Guidance

Crypto firms in New York are facing stiffer requirements for listing coins as part of a bid by the state to boost oversight.

Virtual currency companies licensed or chartered by the state must give regulators a heads up on coins they plan to offer, even if they’re included on a the New York State Department of Financial Services’s approved greenlist, the regulator said on Monday.

The regulator also unveiled a plan for more stringent risk-assessments when listing new coins and tougher requirements for consumer-facing products. The proposal, which the public can now weigh in on, would also require crypto ...